Reading Price Action

                         Traders constantly search for an edge over other market participants
that will lead them to greater profits. Many traders have placed their
faith in technical indicators or oscillators to help them predict the
next move in price without regard to price itself. Unfortunately, indicators
and oscillators have no influence on the market, as we discussed in Chapter
2. Despite this fact, I still know traders who cover their charts with so
many indicators and oscillators they can’t even see the price bars, which is
unfortunate because the best indicator to predict the next move in price is
price itself.
In this chapter you will learn to read price action without the aid of
technical indicators or oscillators. This is a very important chapter for you
to consider, because reading price action through the study of support and
resistance is at the center of every trading methodology in this blog.